in this country we have the president with his medicare century tax, medical device century tax, on the healthcare law, so it's not as if we're immune. the bank thing is being waged in cyprus but it's not unprecedented. >> it's happened here before, neil. i you go back to the bank holiday act of 1933, they confiscated all the gold and sell very from private holders and then devalued the dollar. they just stole it. can that can happen here. >> neil: what would trigger something like that? >> you know, what happens there is a financial collapse elm if we keep running trillion dollar deficits, no growth, which is true, and we keep having these states with higher taxes and destroying output, it could happen here. it terrifies me. >> what would trigger it would be sharply higher interest rates when people -- in order to buy our debt. not talking about just a few points here but dramatically higher interest rates where it's impossible for us to pay our entire debt load. then becomes a point where we reach financial collapse. >> neil: when people don't trust their financial institution. but wh